Dow Sways as Trump Conspires to Unleash His Next Trade War Torpedo, Crypto Coins News
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The Dow swayed on Wednesday. Stock market bulls are betting on a ‘Santa Claus’ rally, but Trump’s already plotting his next trade war.
The Dow fluctuated on Wednesday, fresh off securing its second straight record close.
Stock market analysts believe equities have more room to run in December.
The China trade deal hasn’t been signed, but the Trump administration is already conspiring to launch its next trade war.
The Dow remained little Changed on Wednesday after notching its second straight record close yesterday.
Stock market bulls remain hopeful that the “Santa Claus rally” is about to drive equities toward even loftier heights to close the decade. But the looming prospect of the Trump administration’s next trade war will force investors to grapple with more downside risks.
Dow Fluctuates After Two Straight Record Closes
Wall Street’s three major indices basked in their recently-secured record highs, but US stocks displayed little motivation to plow deeper into uncharted territory on Wednesday.
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Strategist: Get Ready for a ‘Santa Claus Rally’ in US Stocks
Potential trade conflicts with the European Union and India may burden the Dow with medium-term risk, but stock market bulls remain preoccupied with the equities gains they believe can still be achieved this year.
Ryan Detrick, a senior market strategist at LPL Financial , notes that although December has already been bullish for stocks, the bulk of its gains have historically come during the last half of the month.
December has been a good month so far, but can it continue? Turns out, the majority of December’s gains have tended to happen in the second half of the month — so we still have time to believe in Santa.
This article was edited by Sam Bourgi ******************************
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